What The Las Vegas 99 Cents Only Stores Look Like Right Now
You have probably heard by now that the Las Vegas 99 Cents Only Stores are closing their doors for good. The company announced at the beginning of April that they were filing for bankruptcy and would be shutting all of their businesses nationwide, cnn.com. Immediately, Las Vegas locals flocked to the ten stores located in the Las Vegas valley to get the closeout deals.
The Reason For The 99 Cents Only Stores Bankruptcy
Not only locally, but throughout the country, 99 Cents Only Stores have been hurting financially since 2015. According to cnn.com, the retail chain hasn’t been profitable since that time. And the decline in their success has been from a combination of inflation, the pandemic, and increased frequency of shoplifting.
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Another factor that was mentioned was one you might not expect. Something called a “Go Taller” strategy, cnn.com reported. The stores brought in higher shelves, presumably to fit more product. But having that higher shelf lead to a lot of spoiled food that people weren’t reaching for. As well as more broken merchandise falling from high up. Both hurting the stores’ profit margin.
What’s Left On The Shelves At The Las Vegas 99 Cents Only Stores
I visited the store at Warm Springs and Eastern recently. Just to get an idea of what people were picking off. This is what it looked like.
Not only are the products being sold off at the stores. But also the fixtures. Including gondola walls where products were hung. As well the dump bins where the store displayed items like stuffed animals or other soft goods. Note they are not discounted but still a good buy if you have a business or extra garage space.
When The Las Vegas 99 Cents Only Stores Will Close
When the 99 Cents Only Stores say they are closing, they don’t waste time. The location I visited today had a sign that read there was only eight days left until the store closed. Although, 8newsnow.com reported that locations would close in June or when they run out of supplies. So your best bet is to just get there as soon as you can.
I asked the woman at the checkout about the bankruptcy. She said she wasn’t told about her store closing. And that she found out about it on the news with everyone else. Because this is a company-wide closing, employees won’t be transferred to other stores and have to find new jobs.
And Las Vegas locals will have to find a new favorite dollar store. Sad day all around.
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